IT components get preferential tax treatment

Update:
July, 25/2015 - 09:17

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A preferential tax rate of 0 per cent will be imposed on imported materials, ancillary parts and components used for manufacturing major IT products from August 13. — Illustrative image/ Photo dailyfinance.com

HA NOI (VNS) — A preferential tax rate of 0 per cent will be imposed on imported materials, ancillary parts and components used for manufacturing major IT products from August 13.

This was stated in Circular No 101 issued on June 29 by the Ministry of Finance. Enterprises are required to register their list of imported materials, components and ancillary parts with sub-customs departments before importing the first batches of goods. While completing customs procedures, companies must submit official documents to request a preferential tax rate for their imported items. — VNS